AIM Rule 26

The information contained within the section of this website is for the purposes of AIM Rule 26. The details on this page were last updated on 28 April 2017.

Company Information

Business description & strategy 
Information about Company Directors 
Committees of Board of Directors 
Country of incorporation and operations
Key advisors 

Documentation & Announcements

Regulatory Announcements
Financial Reports 

Articles of Association and Other Key Documents

Articles of Association 
Most recent admission document
CLN Subscription Agreement (April 2015)
Non-VCT Loan Note (April 2015)

Circulars Sent to Shareholders

Fundraising Circular (January 2017)
Fundraising Circular (March 2016)
Notice of AGM
Notice of Extraordinary General Meeting

Ancillary Documents

Notice of AGM
Form of Direction
Form of Proxy
Application Form
Warrant instrument January 2017

Securities Information

Number of AIM securities in issue: 33,737,110 (as at 28 April 2017)

There are currently no restrictions on the transfer of AIM securities.

Percentage of securities not in public hands:

As far as the Company is aware, 59.20% of the Company’s AIM securities are not in public hands.

The company has also issued £11.1 million of 209p convertible loan notes which are convertible into ordinary shares at a conversion price of 25% premium to the price of the last fund raise which is currently set at 34.375p.

In addition to its AIM securities, Nektan has £7,356,691 of 209p convertible loan notes (series A fixed rate secured 2020) admitted to the Official List of the CISE.

The company issued 8.8m shares in January 2017 which have anti-dilution warrants attributed to them.  These warrants are exercisable for a period of 6 months to ensure that in the event of any further fundraise during that period, the average purchase price over that period remains the same.

Major Shareholders (70.9%)

Company Incorporated Outside the UK

Nektan plc is an incorporated company under Gibraltar law. So the rights of shareholders may be different from the rights of shareholders in a UK incorporated company.